From the team

The Moonwell USDC Vault is now live on Nook. With an APY of 7.87% and higher by automatically optimizing deposits across lending markets. The vault combines high performance with smart risk management, making it one of the most trusted ways to earn.

Nook is unlocking high-yield savings for everyday people through stablecoin yield and DeFi lending. Learn why now—post-Circle IPO, GENIUS Act, and the rise of Layer 2s—is the perfect time to tap into returns 10x higher than banks.

Nook is essentially a high-yield savings account powered by DeFi lending. When you deposit money into Nook, it gets converted into stablecoins (digital USD equivalents) and supplied to decentralized lending protocols in the background.

Decentralized Finance, or DeFi, is a blockchain-based financial system that operates without the need for traditional intermediaries like banks. DeFi lending lets you earn interest on your money by tapping into money markets where returns are shared directly back to you.